Saab Capital Markets Day 2025: Lessons from Across the Atlantic

Why Europe’s defense boom risks missing its mark — and how U.S. firms thrive under clearer, faster, and bolder procurement models

As Europe prepares to triple its defense procurement budgets — potentially reaching 3.5% of GDP by 2034 — the stakes have never been higher. But behind the headlines and historic spending lies a quieter, more structural risk: that this wave of investment may fail to deliver the innovation and capability it promises.